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Search Results 0 to 21 of about 22 (some duplicates have been removed)
ABC
Dec 28, 2012 6:30pm EST
house to avoid the fiscal cliff. the president before the american people. >> the hour for immediate action is here. >> just four days until taxes go up for all americans. tonight what you're telling washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>> good evening on this friday night. diane is spending this holiday weekend with her family. we begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, asanger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american peop
ABC
Dec 28, 2012 5:30pm PST
to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our
CNN
Dec 30, 2012 10:00pm PST
for observations. >>> 26 hours before the fiscal cliff deadline and for now, lawmakers have hit an impasse. what happens if no deal is reached? specifically, how much would you pay in taxes? there's a calculator online to help you figure that out. we have a breakdown. >> if you want to have a sense of how the fiscal cliff could askts -- ask -- affect you specifically, in terms of how much more you would pay in taxes, let's take a look at this great tool right here, from the tax policy center, it's called the tax calculator. it allows you to plug in all sorts of information about yourself and family to find out how your taxes would change based on all sorts of factors. it is an estimate, we can't predict the future. there are some really good ways to find out how the fiscal cliff would hit you at home. we've taken a couple generic examples, we can't to show you those right here. if you look at a married couple with one child in college. if this couple has an income around $39,000 tax bill goes up $2,700. look at that right there. that's a big chunk of money out of that income. if they're making a
FOX News
Dec 29, 2012 1:00pm PST
at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> arthel: so is a fiscal deal more likely now than it was before congress left for christmas break? let's have a meeting of the minds. outreach director for freedom works, author of "backlash" and fox news contributor. and michael, former senior communications advisor to john kerry's presidential campaign and ceo of
CNN
Dec 27, 2012 4:00pm PST
to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a big if, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't
MSNBC
Dec 28, 2012 1:00pm PST
on the fiscal cliff wrapped up just moments ago. the president met for one hour and five minutes with speaker boehner and other congressional leaders. none of the participants spoke to reporters on the way out of the white house, but all of washington is waiting with bated breath to find out what was said and if anything was actually decided. we're going to go to washington and check in with representative she'll l ly jackson lee. obviously members of congress, you came back in anticipation of reconvening on sunday. i'm wondering if you're hearing anything out of the meeting and if you're hopeful a deal can be reached. >> silence is sometimes golden and i have been drinking my starbucks come together coffee all day long. i'm hoping the president served the leadership while they were at the white house. silence, as i said, may be a good sign. frankly, i believe it's important for the leadership to get back to fellow leaders and members possibly to run by them what i believe was a proposal that the president offered, either come up with by your own proposal or take my plan, which the president
FOX News
Dec 28, 2012 7:00pm PST
now we are coming up 73.5 hours of going over the fiscal cliff the one that they are pushing us off and everyone s scrambling to scrap scrape toga solution. is the house doing anything at all. congressman aaron schact joins us. >> good evening, sir. >> republicans blame democrats and democrats blame republicans and the leadership as it goes beyond that you have political oh opponents it but you rise above it and have solutions for the american people. where is that leadership? >> it has been lacking without doubt and look, kudos to you for holding elected officials feet to the fire. my party and colleagues and myself included it is frustrating as a house member. i can't be a house member and senator and president all at once. the house has led. we have tried to be the party of ideas. the body of ideas. as you know this summer we passed a bill to keep tax rates low for everyone. it has been dead in the senate. harry reid won't take it up. after the election john boehner got criticism even from my party saying look, mr. president we will meet you halfway and give you the $800 billion
MSNBC
Dec 28, 2012 10:00am PST
negotiations on the fiscal cliff. with me now former pennsylvania democratic congressman and retired three-star navy admiral joe sestak who served as campaign press secretary for rick santorum. i want to get -- quick sfrons you about general schwartzkopf. you are a military man. it is remarkable to me while he was very much involved in desert storm, he was a little critical of the iraq war when no weapons of mass destruction were found the second time. >> i think that's because his legacy will be that he is a soldier's soldier. as was mentioned he knew when was the cost of this war. not only for the nation but individuals. if you remember that one briefing, mother of all briefings, one journalist said to him why isn't the marine corps going more quickly lou the mine fields and looked at that journalist and said have you ever been in a minefield? i have in viet ma'am. put each foot down not knowing if it will be blown off. he was cautious for the nation and for his men and women. what a great general. >> indeed. now we will take a turn to politics. obviously democrat and republican we have
CNN
Dec 28, 2012 4:00pm PST
we all go over the fiscal cliff. that meeting lasted for an hour and five minutes. now on a story where every second and every maneuver counts let's get right to chief white house correspondent increase ka yellin. the president says he's modestly optimistic but he also presented a backup plan. does the president really think it will come to that? >> at this point, no. they don't. because the white house is hopeful, first of all, that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as for the backup plan, there's no real likelihood that would ever come to a vote. because republicans would likely block it in both the senate and it would likely not come to a vote in the house. so that's really more rhetoric than it is reality and we have to hope for option "a," getting an agreement in the senate, if we're going to avoid going over the cliff. >> rhetoric versus reality, that's always a tricky place to be in washington. listen, this is serious high-stakes political poker
FOX News
Dec 30, 2012 11:00am PST
and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. everybody agrees this is probably bad policy to have middle class americans taxes go up and this is what congress thinks is a good deal. >> chris: i'm not sure they think it is a good deal but a deal that avoids the worst of the fiscal cliff. senator bayh, obviously we don't know what is your sense? no filibuster in the senate. you heard what lindsey graham said and do republicans pass whatever it is that the senate agrees to? >> i think the odds are some what better than 50/50, chris, that we get a minimal deal in the senate. not one that solves our debt problem as you pointed out earlier and this is all just a prequel to going over this again around the first of march over the debt ceiling. the real
FOX News
Dec 30, 2012 1:00pm PST
reform trying to sell a fiscal cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlements and then you heard harry reid shut the door on it.
FOX News
Dec 28, 2012 8:00am PST
away from the fiscal cliff to debate this 4 1/2 hours yesterday. >> that's true. harris: so there is that. dan, thanks very much. >> thanks for having me. jon: so as we count down to those year-end tax hikes and spending cuts that will affect the lives of virtually every single american, why one key republican lawmaker says his party is not even trying to solve the fiscal cliff crisis and why he thinks that may be a good thing. interesting take coming up. >>> plus, russian president vladmir putin, have you heard what he did? taking aim at americans who hope to adopt russian children. what's behind this controversial move? a live report next. jon: right now syria's opposition leader is rejecting an invitation for peace talks as the violence escalates. the country's ally, russia, is inviting the leader of syria's opposition to visit moskow for the first time but that offer turned down. some interesting developments here. let's get them from leland vittert live in our mideast bureau. leland? >> reporter: jon, no one really views russia as an honest broker here especially the re
MSNBC
Dec 29, 2012 11:00am PST
's made it clear at that time fiscal cliff deadline may not be met. joining me live to talk about scenarios ahead, former pennsylvania representative and 2010 senate candidate as well, joe sestak, always good to see you. >> good to see you, craig. >> right now ideas are being debated behind closed doors and you suggest we shouldn't be talking so much about a fiscal cliff, per se. we should be talking about a bunny slope. describe what you think should happen. >> the fiscal cliff means we're taking $700 billion out of the economy because of the tax increases and spending cuts. if that happens our economy will hit rock bottom. we'll have zero growth over 2013. we will have, by the end of 2014, double digit unemployment. millions of americans will lose employment. so what you want to do is change the scale of that fiscal cliff to a gentle, let's say, bunny slope. we have a fragile economy, but it's accelerating and it's predicted as this year to grow. it grew at 2% to goh at 3% or more this coming year so you want this skier, so to speak to go down the slope and pick up speed so when
FOX News
Dec 26, 2012 10:00am PST
back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white house correspondent ed henry is in beautiful honolulu. aloha, ed. [laughter] >> reporter: aloha. [laughter] well, it's interesting pause you say the sticking point -- because you say the sticking point is taxes going up, which is true, but the other big one will be spending cuts because the latest offer, we've been through plan a which was that $4 trillion debt deal, plan b which fell apart on speaker john boehner last week, now we're basically on plan c which president obama says would be dealing with short-term issues like two million people who are losingen employment benefits in a week, dealing with the ta
CNN
Dec 30, 2012 4:00pm PST
the looming fiscal cliff. >> with the fate of the nation in the balance the senate is going home. that's right. no vote tonight on the senate side. the chamber will reconvene tomorrow at the bright and early hour of 11:00 a.m. eastern. >> oh, my gosh. >> 11:00 a.m. i would have thought they might have gone home for a few hours, had a shower, and come back to work. with just 13 hours until the deadline they will reconvene. the house is waiting on the senate. so nothing is getting done there. if you bet this would come down to the wire, you were right. >> gosh, they have to get up before the crack of noon. i can't believe it. >> i know. >> of course, not everyone on capitol hill will have an early bedtime. republican senate leader mitch mcconnell already working with vice president joe biden on a deal, ali. talks between the two parties could continue late into the night, i guess, but with each minute that passes, our chances of avoiding this fiscal cliff, well, they become slimmer and slimmer and slimmer. >> except they better get something done. if they don't get something done, just about eve
CNN
Dec 26, 2012 1:00pm PST
we will get an 11th hour agreement that avoids the fiscal cliff, but it will be a fairly minimal agreement. nothing like a big comprehensive deal. especially the republicans are having difficulty making the compromises you need to move forward in what is a very closely divided society. what is the alternative? you have a republican house but a democratic president who will be there for four years and a reasonable prospect if hillary clinton runs in 2016, a democrat will hold the white house then. what are we waiting for. in 1997 even, when a democratic president was reelected along with a republican congress, they said none of us are going away, we have to make a deal. that's not really happening yet. >> so tglass is half full for you? >> i think it can still happen, but i felt for a long time there are only two choices. either we go over the cliff and clean it up after, or john boehner has to be a babandon th that they will only bring a bill to the floor if it's supported. i don't think there is a bill that a majority of house republicans will vote for that president obama could
MSNBC
Dec 28, 2012 6:00pm PST
over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until
FOX News
Dec 24, 2012 10:00am PST
off the fiscal cliff. lack of unity and vision there --. gregg: talking about this in the last hour, mark. but i want to put it to you. the president campaigned. he said i want to raise rates on everybody who make over 250. and you do the math and it's been done by all kinds of economists and cbo. >> many people voted for that. gregg: comes to $800 billion mark. so suddenly the president's reelected and immediately doubles it, now i want 1.6 trillion. >> psych, sorry. we'll change rules because i won. crossing my fingers behind my back. changed the rules. gregg: go ahead, mark. how do you figure that the president, you know, said i want 800 billion. now all of sudden i want twice that much. >> the president said that refering to income taxes the now that we're facing sort of debt problem that we're facing, the president is getting serious about other types of revenue, including loopholes. loopholes many wealthy americans benefit from and middle class americans don't have advantage of benefiting from. a lot of the reason why americans who are making over a million dollars are paying
MSNBC
Dec 30, 2012 5:00am PST
equality. we're one day away from what most media are calling the fiscal cliff. if political concoction enacted by congress to frighten itself into passing deficit reduction measures which means unless congress acts in the next 48 hours the bush tax cuts will expire along with federal unemployment insurance and a broad package of the spending cuts including defense spending will take effect. do weeks of fruitless negotiations and john boehner and senate leader are working on a deal this morning to avoid the fiscal cliff, or as chris hayes and i call it, the fiscal curve. the deadline is soft. it's not like every american is going to be handed a bill on january 1st and there's way to manage the damage if the country goes over. the senate is set to convene this afternoon with the house to follow tonight. there's a chance that a compromise will be reached, less than 48 hours before tax rates revert to their clinton dasher are levels and board across the board spending cuts talk effect. when the president took to the podium friday afternoon to urge the law enforcements to get their act toge
FOX News
Dec 26, 2012 8:00am PST
: well, we're still trying that last ditch effort to keep the economy from going over the fiscal cliff. lawmakers are heading back to washington including the president with this year-end deadline that's been on the horizon. welcome, everybody, great to have you here. brand new hour of "happening now." kelly: i'm kelly wright in for jon scott -- jamie: and i'm jamie colby in for jenna today. kelly: talks hitting a dead end last week, now most americans are facing big tax hikes unless the two sides can work out a last minute deal. chief white house correspondent ed henry with more. >> reporter: you're right, really all eyes turning to plan c. plan a was that $4 trillion debt deal, plan b was speaker boehner's idea about tax increases only for million dollar incomes and more, now turning to plan c which is president obama's idea which is to move it back to $250,000 or more, that would be the threshold for tax cuts or tax increases in the other direction, also dealing with two million people who are losing their unemployment benefits, president wants to the take care of that by the end of
Search Results 0 to 21 of about 22 (some duplicates have been removed)